Tue, Dec 01, 2020 @ 06:33 GMT
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EURUSD Under Pressure

The euro currency has come under heavy downside against the US dollar, as France and Germany are reported to be preparing for national lockdowns. The EURUSD pair now has a negative short-term bias, after being strongly rejected from the 1.1800 resistance area. Sellers may move to test towards the pivotal 1.1690 level now that the EURUSD pair has fallen under critical support.

The EURUSD pair is only bearish while trading below the 1.1790 level, key support is found at the 1.1710 and 1.1690 levels.

The EURUSD pair is only bullish while trading above the 1.1790 level, key resistance is found at the 1.1840 and 1.1870 levels.

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